Paycom Software (NYSE:PAYC) Announces Earnings Results

Paycom Software (NYSE:PAYC) issued its quarterly earnings results on Wednesday. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03, Zacks reports. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Paycom Software updated its FY 2025 guidance to EPS.

Paycom Software Trading Up 2.2 %

Shares of PAYC opened at $207.77 on Thursday. Paycom Software has a twelve month low of $139.50 and a twelve month high of $242.74. The company has a market cap of $11.98 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.81 and a beta of 1.15. The company’s fifty day simple moving average is $211.71 and its 200-day simple moving average is $191.26.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is currently 18.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PAYC shares. Mizuho increased their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Piper Sandler raised their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. TD Cowen boosted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Barclays dropped their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $204.75.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.